Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Johnson Controls, a company specialised in manufacturing of automotive interior systems such as seating systems, electronics, instrument panels, overhead systems and floor consoles, announced on 5 December 2006 that it will cut 231 jobs in its unit in Geel, Belgium. Johnson Controls currently employs 580 people in Geel. The reason for this decision is the reduction in the activity of the Volkswagen factory in Forest, the company's main client. No direct dismissals are foreseen, but rather voluntary departures.
Eurofound (2006), Johnson Controls Belgium, Internal restructuring in Belgium, factsheet number 64573, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/64573.